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For example, let's say you're the sole employee of your own C or S corporation and the

company pays you a salary of $100,000. Your company can also make a deductible contribution of up to $25,000 (25 percent of your compensation) to your defined contribution retirement plan account.

For 2001 and earlier years, the maximum contribution was only $15,000 (15 percent of compensation), unless you set up multiple plans. This is one of many recent big improvements in the tax rules governing retirement accounts. Call or e-mail us for more information on what type of small business retirement plan would work best for you.